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Skeena Resources Limited Announces Approximately C$125 Million Bought Deal Financing
Globenewswire· 2025-10-01 20:45
Core Points - Skeena Resources Limited has entered into an agreement with underwriters to purchase 5,210,000 common shares at C$24.00 per share, raising approximately C$125 million [1][2] - The proceeds will be used for the advancement of the Eskay Creek gold-silver project and general corporate purposes [2] - The offering is expected to close around October 8, 2025, subject to regulatory approvals [3] Financial Details - The offering price is set at C$24.00 per common share, with gross proceeds expected to be approximately C$125 million [1] - The underwriters have an option to purchase an additional 15% of the offering to cover over-allotments [1] - As of September 30, the company has unaudited cash of approximately C$105 million [2] Project Development - The funds will support ongoing construction activities and permitting milestones at the Eskay Creek project [2] - There is an anticipated delay in the permitting process due to a BC government employee strike [2] - Negotiations with the Tahltan Central Government regarding the Impact Benefits Agreement are ongoing [2] Market Impact - The funding represents approximately 4.5% dilution to the company's total market capitalization [3] - The offering will provide flexibility to pursue less expensive financing alternatives compared to existing loan facilities [3] Regulatory Information - The common shares will be offered through a prospectus supplement in Canada and the United States [3] - The offering is subject to customary closing conditions, including approvals from the Toronto Stock Exchange and the New York Stock Exchange [3]
Guanajuato Silver Announces Upsize of Bought Deal Public Offering to $43.5 Million
Globenewswire· 2025-10-01 13:53
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW. The base shelf prospectus is accessible, and the shelf prospectus supplement and any amendment to the documents will be accessible within two business days through SEDAR+ VANCOUVER, British Columbia, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Guanajuato Silver Company Ltd. (the “Company” or “GSilver”) (TSXV:GSVR)(OTCQX:GSVRF), a growing Mexican-based precious ...
Silver Bullet Mines Increases Concentrate Gold Grade to 27 oz/ton from KT Mine, Arizona and Sees Visible Gold at KT Mine, Arizona
Newsfile· 2025-10-01 13:49
Silver Bullet Mines Increases Concentrate Gold Grade to 27 oz/ton from KT Mine, Arizona and Sees Visible Gold at KT Mine, ArizonaOctober 01, 2025 9:49 AM EDT | Source: Silver Bullet Mines Corp.Burlington, Ontario--(Newsfile Corp. - October 1, 2025) - Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) ("SBMI" or "the Company") is pleased to announce positive developments related to its wholly-owned KT Mine in Arizona. First, as the Company finetunes the milling process for the KT material it ...
Dolly Varden Silver Intersects 3.34 g/t Gold over 120 Meters, Including 216 g/t Gold over 0.52 Meters and 166 g/t Gold over 1.30 m in Step-Out Hole at Homestake Silver Deposit
Newsfile· 2025-10-01 12:00
Core Insights - Dolly Varden Silver Corporation reported a significant gold intercept from a step-out drill hole at the Homestake Silver deposit, with hole HR25-456 intersecting 3.34 g/t Au over 120 meters, including high-grade intervals of 216 g/t Au over 0.52 meters and 166 g/t Au over 1.3 meters [1][3][4] Drill Results - The drill hole HR25-456 is a 45-meter step-out from previous holes, confirming continuity and growth potential outside of current mineral resources [1][5] - Approximately 40% of the 2025 drill program, totaling 55,000 meters, is focused on expanding and infilling high-grade gold mineralization at the Homestake Silver Deposit [1][4] Geological Context - The Homestake Ridge deposits are characterized as structurally controlled, multi-phase epithermal vein stockwork and vein breccia systems hosted in Jurassic Hazelton volcanic rocks, with mineralization consisting of pyrite, galena, and sphalerite, along with visible gold [10][11] - Recent drilling indicates a shift towards a gold-rich system, with a shallow north plunging dilation zone defined by a wide mineralized interval and increased frequency of high-grade gold veins [11] Future Exploration - The ongoing drill program includes five diamond drills targeting high-grade gold mineralization and testing areas outside the current resource [4][5] - Additional results from various exploration targets, including the Wolf Vein silver mineralization extension and Big Bulk copper-gold porphyry system, will be reported as assays are received [4]
Asia Broadband Finalizes Milestone Production Agreement For Second Large-Scale Gold and Silver Ore Stockpile in Mexico
Globenewswire· 2025-10-01 12:00
LAS VEGAS, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that the Company has finalized the terms of another historic and long-term processing and production agreement for a large-scale gold and silver ore stockpile in Etzatlan, Jalisco, Mexico. The estimated gold and silver ore value of this second stockpile agreement exceeds the value of the Company’s first stockpile agreement completed in December 2022. AABB management is thrilled to re ...
Guanajuato Silver Announces $30 Million Bought Deal Public Offering
Globenewswire· 2025-10-01 11:23
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW. VANCOUVER, British Columbia, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Guanajuato Silver Company Ltd. (the “Company” or “GSilver”) (TSXV:GSVR)(OTCQX:GSVRF), a growing Mexican-based precious metals producer, is pleased to announce that it has entered into an agreement with Canaccord Genuity Corp. and Red Cloud Securities Inc., as co-lead underwriters and joint ...
Sierra Madre commences underground development at Nazareno mine in Mexico
Yahoo Finance· 2025-10-01 09:23
Core Insights - Sierra Madre Gold and Silver has initiated underground development at the Nazareno silver and gold mine, part of the La Guitarra complex in Estado de Mexico, with over 700 tonnes of mineralised material transported to the processing plant [1] - The production silver grades are 40% higher and gold grades are 30% higher than indicated in the 2023 resource model, based on a reconciliation of material produced from development blasting [2] - The company plans to expand the Nazareno mining center, expecting it to significantly contribute to silver and gold production, with plans to double processing capacity from 500 tonnes per day by Q3 2027 [3] Development Plans - The initial phase at Nazareno involves expanding the current workings to fully access the mineralised zone, which spans up to 8 meters in width [1][3] - Following the initial phase, the sill drive will be extended to assess the feasibility of long-hole mining in the area characterized by closely spaced veins [4] - A new Ingertrol Sandy 50 drill rig has been purchased to support mine planning and development, capable of drilling up to 250 meters [4] Drilling Operations - The portable drill rig allows for surface drilling without the need for access roads, demonstrated during operations at the Tepic project [5] - Drilling is scheduled for the Nazareno veins and the central Guitarra mine area, which contain closely spaced parallel silver-gold vein sets [5] - The new drilling rig will reduce development expenses by enabling short-hole drilling from a single drive, eliminating the need for parallel drives or crosscuts [6]
Silver nears record in hockey stick rally, gold approaches $4,000 an ounce
Yahoo Finance· 2025-09-30 18:54
It's not just gold (GC=F) notching a strong quarter as a potential government shutdown looms. Silver futures (SI=F) are up 27% over the past three months, versus gold's more than 15% rise, and roughly 58% year to date compared with the yellow metal's 45%. On Tuesday, gold futures held near record highs above $3,875 an ounce while silver futures traded around $46. The metal was within striking distance of its closing high of $48.70 — just north of $150 in today's dollars — set in January 1980. That was du ...
The Gold Rush of 2025: Where Do We Go from Here?
Daily Reckoning· 2025-09-30 14:31
Core Insights - The precious metals market has experienced significant gains in 2025, with gold, silver, and platinum prices rising substantially, indicating a strong trend in hard assets [4][22]. Precious Metals Performance - Gold started the year at $2,645 per ounce and has risen to over $3,850, marking a gain of over 47% [4]. - Silver began at $29.60 per ounce and is now over $47, reflecting a gain of about 58% [4]. - Platinum started at $995 per ounce and is currently in the $1,600 range, achieving a gain of 60% [4]. Investment Considerations - The increase in precious metal prices is attributed to the declining value of the dollar, a trend that has been ongoing since the U.S. left the gold standard in 1971 [7][22]. - Investors are advised to hold physical metals rather than selling them, as they represent real money and are not subject to the liabilities associated with financial instruments [10][12]. Mining and Royalty Companies - The rise in precious metal prices has positively impacted mining and royalty companies, leading to significant stock price increases for several key players: - Franco Nevada Corp. (FNV) rose from $125 to $225 [15]. - Royal Gold, Inc. (RGLD) increased from $134 to $198 [15]. - Osisko Royalties (OR) went from $18 to over $39 [15]. - Wheaton Precious Metals (WPM) climbed from $56 to $110 [15]. - Major mining companies also saw substantial gains: - Barrick Mining (B) increased from $14 to $33 [18]. - Newmont Mining (NEM) rose from $38 to $84 [18]. - Agnico Eagle Mines (AEM) moved from $83 to $166 [19]. - Kinross Gold (KGC) increased from $9.50 to over $24 [19]. Market Outlook - The ongoing trend suggests that as long as precious metal prices continue to rise, royalty plays and mining companies will benefit from increased cash flow and profitability [16][24]. - The potential for a global recovery in faith in the dollar could impact precious metal prices, but such a scenario seems unlikely given current government spending trends [17][22].
Nord Precious Metals Completes Deep Ground Penetrating Radar Survey at Castle
Newsfile· 2025-09-30 13:00
Nord Precious Metals Completes Deep Ground Penetrating Radar Survey at CastleOrientation survey to identify mining drifts, mineralized broken material in stope openings and potentially vein extensionsSeptember 30, 2025 9:00 AM EDT | Source: Nord Precious Metals Mining Inc.Coquitlam, British Columbia--(Newsfile Corp. - September 30, 2025) - Nord Precious Metals Mining Inc. (TSXV: NTH) (OTCQB: CCWOF) (FSE: 4T9B) ("Nord" or the "Company") has completed an orientation survey using Deep Ground Pene ...